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Nuveen Dividend Advantage Municipal Income Fund About To Put More Money In Your Pocket (NVG)

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen Dividend Advantage Municipal Income Fund (NVG) will trade ex-dividend, for its monthly dividend of $0.061, payable on 5/1/13. As a percentage of NVG's recent stock price of $14.92, this dividend works out to approximately 0.41%.

Below is a dividend history chart for NVG, showing historical dividends prior to the most recent $0.061 declared by Nuveen Dividend Advantage Municipal Income Fund:

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NVG is likely to continue, and whether the current estimated yield of 4.91% on annualized basis is a reasonable expectation of annual yield going forward.

According to the ETF Finder at ETF Channel, NVG makes up 1.45% of the CEF Municipal Income ETF
(XMPT) which is trading relatively unchanged on the day Tuesday.

According to Preferred Stock Channel, there is a series of preferred stock that is senior to NVG, which trades under the symbol
NVG.PRC — more info ».

In Tuesday trading, Nuveen Dividend Advantage Municipal Income Fund shares are currently off about 0.3% on the day.